Thirteen Years of Service
Posts: 9,098
Threads: 584
RE: Museum of Failure opens in Sweden 06-12-2017, 04:43 AM
#2
This is pretty hilarious. I would think this museum would be a good educational experience for entrepreneurs and design students etc. Opportunity to learn from other's mistakes?
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Nine Years of Service
Posts: 1,200
Threads: 348
RE: Museum of Failure opens in Sweden 06-12-2017, 04:53 AM
#3
Well that is the idea behind it to show everyone makes mistakes and to help people do better, but companies can be severly butthurt about failures and do everything in their power to pretend and deny they ever did fail.
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Nine Years of Service
Posts: 1,200
Threads: 348
RE: Museum of Failure opens in Sweden 06-12-2017, 05:06 AM
#5
Failure means lost revenue, lost revenue means angry board, angry board means layoffs, layoffs mean stock drops, stock drop means lost revenue.
Vicious cycle so it is easier to ignore and deny then to admit and find a way to move forward, sort of reminds me of the old saying "Easier to ask forgiveness than for permission".
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Nine Years of Service
Posts: 1,200
Threads: 348
RE: Museum of Failure opens in Sweden 06-12-2017, 06:28 AM
#7
I fully agree, failure is a major part of innovation and many of todays best selling products are failed creations that have been re-purposed. Anyone in a scientific field will tell you the same. But on the business level failure is frowned upon, it is a failed investment of capitol, regardless of what was learned or gained from it, spending money on something and having it fail is simply not viable in business, so almost all business' pretend failures don't happen and go out of their way to try and forget or deny these failures. From the medical field to game production you will almost never find a company admitting its mistakes, unless the product became a wild success for something else (ie. Viagra/Teflon/etc).
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